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GOLDMAN v. BANK OF COMMONWEALTH

No. 72-1105.

467 F.2d 439 (1972)

Martin R. GOLDMAN, Plaintiff-Appellant, v. BANK OF the COMMONWEALTH, a Michigan Banking corporation, Defendant-Appellee.

United States Court of Appeals, Sixth Circuit.

September 22, 1972.

Attorney(s) appearing for the Case

Michael B. Lewiston, for plaintiff-appellant; Bodman, Longley, Bogle, Armstrong & Dahling, Detroit, Mich., on brief.

Wm. H. Merrill, Detroit, Mich., for defendant-appellee; Hammond, Ziegelman, Tennent, Merrill & Sotiroff, Detroit, Mich., on brief.

Before WEICK and CELEBREZZE, Circuit Judges and O'SULLIVAN, Senior Circuit Judge.

WEICK, Circuit Judge.

Appellant Goldman filed suit in the District Court against Bank of the Commonwealth (Bank) to declare void loans made to him individually and loans made to one Hermelin and him jointly, over a period of six months, totaling about $661,000, on which there was a balance due of $591,000. Goldman alleged that the Bank was a member of the Federal Reserve System, and was bound by its Regulations; that the bank loans violated Regulation U (12 C.F.R...

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